Compare Today’s Mortgage Rates in South Elgin, Illinois 60177
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in South Elgin, Illinois 60177.
Our search engine thoroughly explores all home mortgage options in South Elgin, Illinois 60177, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $12,859 in lifetime cash or $36 per month in South Elgin and other areas of Kane county.
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Summary of Average Mortgages in South Elgin, Illinois 60177
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for South Elgin, Illinois 60177
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in South Elgin, IL 60177. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in South Elgin, Illinois 60177 from 2024 - 2016
We have compiled mortgage rates charts for home loans in South Elgin, Illinois and around Kane county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 89.81% | 91.06% | 88.57% | 89.29% | 89.10% | 88.79% | 89.24% | 91.75% | |
| avg mortgage rate | 4.16% | 3.93% | 4.14% | 4.48% | 4.03% | 3.94% | 4.68% | 5.00% | |
| % 15 year fixed mortgage | 8.48% | 7.44% | 9.36% | 8.88% | 9.43% | 8.99% | 8.31% | 6.87% | |
| avg mortgage rate | 3.47% | 3.18% | 3.33% | 3.53% | 3.18% | 3.28% | 3.99% | 4.40% | |
| Avg credit score | 751.40 | 751.98 | 750.95 | 753.55 | 757.28 | 760.88 | 762.15 | 759.54 | |
| Avg LTV (loan to value) | 82.25% | 82.77% | 82.47% | 81.55% | 80.85% | 79.50% | 77.43% | 76.24% | |
| Avg DTI (debt to income) | 36.11 | 35.77 | 35.61 | 35.19 | 34.70 | 34.07 | 34.53 | 34.55 | |
| % First time homebuyer | 39.12% | 41.15% | 43.55% | 41.97% | 41.95% | 36.61% | 37.42% | 40.72% | |
| Avg mortgage insurance % | 11.78% | 12.65% | 12.73% | 11.35% | 10.06% | 8.36% | 5.62% | 4.29% |
Best Mortgage Brokers around South Elgin, Illinois 60177
For those searching for a new home in South Elgin, we have compiled a list of the top mortgage brokers located in and around South Elgin, Illinois 60177 to assist you with your search.
Name
Address
Contact
Fairway Independent Mortgage
1000 W Spring St
South Elgin IL 60177
(847) 695-5722
http://ymp4life.com
Ace Cash Express
1145 W Spring St
South Elgin IL 60177
(847) 608-8539
http://www.acecashexpress.com/
Distinctive Mortgage
350 Sundown Rd
South Elgin IL 60177
(847) 429-1033
dismtg@earthlink.com
Springleaf Financial Services
230 Randall Rd
South Elgin IL 60177
(847) 741-0360
compliancehelpline@slfs.com
Direct Mortgage Corporation
460 Briargate Dr
South Elgin IL 60177
(847) 622-0564
andrea@directmortgagecorp.com
Address
1000 W Spring St
South Elgin IL
Contact
(847) 695-5722
http://ymp4life.com
Address
1145 W Spring St
South Elgin IL
Contact
(847) 608-8539
http://www.acecashexpress.com/
Address
350 Sundown Rd
South Elgin IL
Contact
(847) 429-1033
dismtg@earthlink.com